Malaysia has extended the registration deadline for Goods and Service Tax (GST) to 28 February 2015. GST will be implemented in Malaysia from 1 April 2015. Failure to register by the deadline may result in a fine of MYR 30,000.
The registration threshold for GST is turnover exceeding or expected to exceed MYR 500,000 in a 12 month period, including both standard-rated and zero-rated supplies. Non-residents must register through an appointed agent when supplying goods in Malaysia. Supplies of…